Ready-to-use machine learning algorithms ease chatbot development

Some of the tech industry’s heavy hitters promise to give businesses access to high-powered, speech-based machine learning algorithms. The releases are another sign of fierce competition in a market that seems to heat up every week.The upshot for enterprises could be decreased time to development of advanced machine learning applications with speech and text analytics capabilities. That maps with growing interest in natural language processing and analysis. Twenty-three percent of 614 survey respondents said their organizations are using text analytics tools, with an additional 30% saying they’re either piloting projects or planning them in the near future, according to TechTarget’s 2016 BI and Big Data Analytics Market Landscape Study. First, IBM released Watson Conversation, a cloud-based tool that enables enterprises to train chatbots using the Watson cognitive computing engine. The…